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JHG Enters New Strategic Co-operation Agreement with Dai-ichi Life
Janus Henderson Group plc (NYSE/ASX: JHG; Janus Henderson ) announces today the commencement of a registered secondary offering of common stock through which Dai-ichi Life Holdings, Inc. ( Dai-ichi ) intends to exit its equity investment in Janus Henderson through an underwritten public secondary offering. Janus Henderson intends to repurchase up to US$230 million of the stock in the offering.
Dai-ichi has made a strategic decision to focus capital on its global insurance business. As such, Dai-ichi has determined to monetise its equity stake in Janus Henderson and has relinquished its board seat.
Janus Henderson Announces Secondary Offering of Its Common Stock Held by Dai-ichi Life Holdings, Inc.; Plans up to US$230 Million Stock Repurchase
JHG Enters New Strategic Co-operation Agreement with Dai-ichi Life
LONDON (BUSINESS WIRE) Janus Henderson Group plc (NYSE/ASX: JHG; ‘Janus Henderson’) announces today the commencement of a registered secondary offering of common stock through which Dai-ichi Life Holdings, Inc. (‘Dai-ichi’) intends to exit its equity investment in Janus Henderson through an underwritten public secondary offering. Janus Henderson intends to repurchase up to US$230 million of the stock in the offering.
Dai-ichi has made a strategic decision to focus capital on its global insurance business. As such, Dai-ichi has determined to monetise its equity stake in Janus Henderson and has relinquished its board seat.
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AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of aa- of Dai-ichi Life Insurance Company, Limited (DL) (Japan), the wholly owned operating subsidiary of Dai-ichi Life Holdings, Inc. (DLH). The outlook of these Credit Ratings (ratings) is stable.
DLH is the ultimate parent for the entire Dai-ichi organisation. In AM Best s opinion, DL is viewed as integral to the group, given its financial, operational, and strategic importance to the overall organisation. Accordingly, DL s ratings are based upon the balance sheet fundamentals and organisation operating performance of the DLH organisation, which are then extended specifically to DL.
Beacon Annuity Solutions is Pleased to Announce that Protective Life has Joined Annuity Switchboard®, a Service that Helps Streamline the Annuity Sales Process for Distribution Partners
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NORTHFIELD, Ill., Jan. 12, 2021 /PRNewswire/ Beacon Annuity Solutions®, a leading provider of cloud-based annuity software and compliance solutions, today announced Protective Life, has joined a growing list of Annuity Switchboard partners. Annuity Switchboard, a Beacon Annuity Solutions service, offers streamlined pre-sale and compliance-driven solutions for carriers and their distribution partners broker/dealers, banks, brokerage general agencies, independent broker/dealers and other firms through a secure, centralized and automated infrastructure. This infrastructure enables insurance carriers to communicate its up to the minute annuity rate and product information at key points throughout the annuity purchase cycle.
Protective Life completes acquisition of Revolos companies
Updated Jan 11, 2021;
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Maynard, Cooper & Gale acted as external legal counsel for Protective.
Revolos offers finance and insurance products, including vehicle service contracts, guaranteed asset protection coverage and ancillary products serving the automotive, recreational vehicle and powersports industries. It has 3,000 dealers, agents, and financial institutions in the U.S., and has distributed more than $250 million in underwriting gains and investment income.
Protective had assets of approximately $125 billion at the close of the 2020 fiscal year.
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